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OilPrice Petrochemicals are used to make numerous products. Source


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Building a pipeline simply is an expensive undertaking. In Eastern Germany e.g. there's one built right now, the EUGAL-pipeline. It will be about 480 km long (check the English fact sheet) and, according to the governments response to a question by a member of parliament from May 2018 (in German only) those 480 km cost about 2,276 million Euro (see top of ...


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The quantities of oil in a deposit are listed under two categories: resources and reserves. Resources are deposits that could be converted to reserves if economic factors, prices and costs, were favorable. Reserves are deposits that can be extracted for a profit. What makes a deposit profitable involves many things: The size of the deposit The quality of ...


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During glaciations, the shelves down to ~100m depth would have been above sea level, but they would have been covered by ice sheets. Geology.com The actual "ocean floor" would still be deep water. There is a general explanation of the oil formation here and here, although they don't say when (or where the continents were when the sediments were deposited), ...


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